Williams Hospital, a nonprofit hospital affiliated with a religious group, reported the following information for the year ended December 31, 2005:
|
Gross patient service revenue at the hospital’s full established rates |
$980,000 |
|
Bad debts expense |
10,000 |
|
Contractual adjustments with third-party payors |
100,000 |
|
Allowance for discounts to hospital employees |
15,000 |
On the hospital’s statement of operations for the year ended December 31, 2005, what amount should be reported as net patient service revenue?
- $865,000
- $880,000
- $855,000
- $955,000